Dynacor Rectifies False Information Reported by a News Agency

MONTREAL, QUEBEC--(Marketwired - Feb. 12, 2014) -Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) firmly denies the information published in a Reuters press release dated Tuesday 11th February 2014 stating that "… gold confiscated from four companies, including C.G. Koening, a supplier of Canadian miner Dynacor… ". Dynacor has no contact nor any relationship with C.G. Koening and this company is not one of Dynacor's suppliers.

Furthermore, Dynacor has not had any of its gold confiscated by the authorities. Dynacor is waiting for the authorities to complete their review of the export documentation supplied to the Customs officials and will resume its exports once this review has been completed. Dynacor reiterates that all of its suppliers are registered in accordance with Peruvian laws (see Press Release dated January 29, 2014).

Dynacor has requested a formal retraction from Reuters, as such false information may have had a disruptive effect on the market.

FORWARD LOOKING INFORMATION

Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.